Nano Dimension (NNDM): Evaluating Valuation After New Aerospace 3D Printing Partnership

Nano Dimension (NasdaqCM:NNDM) is drawing attention after announcing a partnership with ALOFT AeroArchitects and Spectrum Networks to produce certified, flight-ready aircraft components using Markforged’s advanced 3D printing technology. This move highlights a growing role for additive manufacturing in streamlining aerospace maintenance cycles.

See our latest analysis for Nano Dimension.

While this new partnership underscores Nano Dimension’s innovative edge, the company’s share price tells a mixed story. After a tough start to the year, momentum has picked up, with a 38% gain over the past month and 27% over 90 days. However, the 1-year total shareholder return remains negative at -16.6%. Investors appear to be weighing the long-term promise of next-generation aerospace deals against recent volatility.

If you’re looking to discover other aerospace and defense innovators making headlines, this is a great moment to explore See the full list for free.

That leaves investors wondering whether Nano Dimension’s recent gains signal a bargain opportunity in an undervalued stock, or if the market is already factoring in all the upside from its aerospace breakthroughs.

Price-to-Sales of 6.1x: Is it justified?

With Nano Dimension trading at a price-to-sales (P/S) ratio of 6.1x, investors are facing a valuation that is more than triple the US Machinery industry average of 2x and even higher than the peer average of 1.2x. At the last close price of $1.96, this figure signals a substantial premium placed on the company’s revenue compared to others in its sector.

The price-to-sales multiple measures how much investors are willing to pay per dollar of a company's sales and is often used when the company is not profitable, like Nano Dimension. For early-stage or unprofitable growth companies, high P/S ratios can sometimes hint at high future growth expectations, but they also risk being unjustified if sales prospects do not materialize.

Nano Dimension’s P/S ratio far exceeds both the industry and peer averages, suggesting that the market is currently placing an aggressive premium on its revenue. Without robust forecasted growth or improved profitability, such a high multiple may not be sustainable, especially compared to peers where the P/S is notably lower. Investors should consider whether these expectations align with the company’s actual potential and current financial performance.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price-to-Sales of 6.1x (OVERVALUED)

However, persistent negative long-term returns and the lack of clear revenue or net income growth could signal lingering challenges for Nano Dimension’s turnaround story.

Find out about the key risks to this Nano Dimension narrative.

Build Your Own Nano Dimension Narrative

If you want a different perspective or prefer hands-on research, it’s easy to dive into the data and build your own view in just a few minutes, so why not Do it your way.

A great starting point for your Nano Dimension research is our analysis highlighting 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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